Hi all

Can you claim VAT on items bought before you were VAT registered?

I need to get a company VAT registered. It's just been registered at SARS and has an income tax number.

Purchases need to be made, including some assets to get the business started. But can I claim the VAT on these items in future, after VAT registration is complete?

If not, is there another way to perhaps handle this. Startup items purchased by a related party that is VAT registered - can the related party claim the VAT and the expense put to a loan account?

Thanks for any input.

Kind regards